Commentary Archive

December 2007
21	Service Sector Hits the Skids in France
21	UK Consumer Confidence Continues to Plunge
21	U.S. Personal Consumption & Prices Firm, Income Light
21	Michigan Consumer Sentiment Down in December
20	Belgium Bank Index Weakens Again
20	US 3Q GDP Still Up 4.9%, Profits Still Down
20	Philadelphia Fed Index Lowest Since 2003
20	U.S. Initial Unemployment Insurance Jumped
20	U.S. Leading Economic Indicators Down
19	Gasoline Still Near $3.00 per Gallon. Longer Term, Less is Used
19	UK CBI Retail Survey Continues to Deflate Messy-nomics
19	IFO Presages Weak EMU Reading for Germany as Well
19	Italy’s Orders Sag and Drop in New Quarter
18	EMU Trade Surplus Grows as Flows Slow
18	In Spite of Lower than Expected Inflation in Canada and the UK in November, Stagflation Fears Are Rising
18	U.S. Housing Starts Down As Expected in November
18	U.S. NAHB Housing Market Index Unchanged
18	U.S. Chain Store Sales Ticked Up
17	U.S. Current Account Deficit Eased Further in Q3
17	U.S. Empire State December Index Fell Sharply
17	UK Rightmove House Price Index Has Biggest Month to Month Decline since Beginning of Series
17	NTC FLASH Indices for Euro Area Manufacturing and Services - Still Struggling
17	Japan Tertiary Index Bounces
14	U.S. Industrial Production Rose 0.3% and Recouped Half of the October Decline
14	EMU Inflation Surges as Core Dallies Over Top-Allowed Pace
14	CBI Survey Shows Industrial Slowing and Lingering Inflation
14	U.S. CPI Total & Core Slightly Above Expectations
13	RICS House Prices Sag Badly
13	U.S. PPI Total Surged, Core Firm
13	U.S. Retail Sales Beat Expectations, Sales of Discretionary Items Firm
13	U.S. Initial Unemployment Insurance Claims Remained High
12	Japan’s Exports Continue to Outpace Imports
12	U.S. Trade Deficit Deepened Slightly in October
12	U.S. Import Prices Boosted in November by Oil
11	Federal Funds Rate Lowered to 4.25%
11	Pessimism Increases in the Financial Community of the Euro Area
11	Economy Watchers Index Drops Sharply in Japan
11	Machinery Orders in Japan Grow but Core Orders Still Struggle
11	Small Business Optimism Lowest Since 1993
11	U.S. Chain Store Sales Remained Low
11	Real GDP Slowing in Turkey, Estonia and Russia Inflation Moderating in Turkey, but Rising in Estonia and Russia
10	U.S. Pending Home Sales Ticked Higher, Again
10	German IP Trends Caught in Cross Currents
10	OECD LEIs Are Sagging
10	French IP Jumps in October
7	Michigan Consumer Sentiment Down Hard
7	U.S. Payrolls Increase Light, Unemployment Steady
6	German Orders JUMP!
6	U.S. Mortgage Foreclosures: Conventional Up, Subprime Soared
6	US Flow of Funds: Debt Growth Back Up Due To Financial Sector
6	U.S. Initial Unemployment Insurance Claims Highest Since 2005
5	UK Service Sector Index Falls Sharply Again and May Be Signaling That More Losses Lie Ahead
5	U.S. Factory Inventory Gain Moderate
5	Retail Sales Enthusiasm is Cut Short…
5	ADP Report: Private Payroll Growth Improved Further
5	Challenger Layoffs Picked Up Modestly
5	Q3 Productivity Revised Up, Unit Labor Costs Revised Down
5	U.S. ISM Non-manufacturing Index Slipped, Prices Soared
4	Are the Gulf States About to Abandon Their Dollar Pegs?
4	U.S. Vehicle Sales Still Driven By Gasoline Prices
4	Euro Area PPI Sails Well Above 2% Pace
4	UK Sector Downdraft Still Seems to be in Play
4	EU Unemployment is Stable
4	U.S. Chain Store Sales Collapsed, But Did They?
3	Japanese Corporations Report Lower Profits and Capital Spending
3	ISM Index Still Low at an Expected 50.8

November 2007
30	IFO Index Continues to Slip; Components Show Weakness
30	Trichet on a Hot Tin Roof
30	Euro-Consumer Confidence Hits the Skids
30	EU Sentiment is Fading Fast
30	U.S. Construction Spending Down in October, But Stabilizing?
30	Chicago Purchasing Managers Survey Improved
30	U.S. Personal Income Light, Real DPI Down and Real PCE Easier
29	UK: CBI Retail Sales Hold Steady and Strengthen
29	Japan IP Sharply High in the Month of October
29	French Consumer Confidence in Abrupt About Face
29	Home Price Appreciation Slowest in Three Years
29	US Home Sales Ticked Up in October, Revisions Way Down
29	U.S. Initial Unemployment Insurance Claims Surged
29	US 3Q GDP Up 4.9%: Trade & Inventories Boosted Revision, Profits Fell
28	The German Condition...
28	U.S. Durable Goods Orders Down Big for Second Month
28	Existing Home Sales Down and So Goes Prices
27	U.S. Chain Store Sales Dipped
27	Gasoline Held Above $3.00 per Gallon
27	German Indices Show Some Unexpected Life…but not That Much
27	Business Climate Perks up in France
27	German Flash HICP Soars...
27	Consumer Confidence Crumbled With Lower Home Prices
26	UK GDP Grows 3%
26	Mexico and Chile: Balances of Payments
26	U.S. Loan Delinquencies Up, Real Estate Soared
26	Chicago Fed National Activity Index Negative for Third Month
23	UK Banks Sharply Restrain Mortgage Lending in October
23	Services Slip: E-zone PMIs are Weak
21	U.S. Leading Economic Indicators Fell Again
21	Japanese Trade Surplus Widens in October with Strong Exports to China and Europe
21	Michigan Consumer Sentiment Remained Depressed
20	Italy's Orders Growth Slows as Foreign Orders Hold Erratically Higher
20	French Orders Weaken
20	UK Orders Bounce Higher in Survey Unexpectedly
20	German PPI Drifts Lower but no Clear Deceleration is in Sight
20	U.S. Housing Starts Total Up Unexpectedly; Single Family & Permits Down
19	U.S. NAHB Housing Market Index Stable At Record Low
19	U.S. Empire State Index Off Modestly, Expectations Plummet
19	Singapore's Balance of Payments Continues Strong
19	German Wage and Salary Trends Turn Lower…
16	The EMU Trade Surplus Shrinks
16	Foreign Investors Renew Commitment to US Markets, Albeit Limited, According to New TIC Data
16	U.S. Industrial Production Decline Broad and Unexpected
16	U.S. Business Inventories' Increase Moderate
15	EMU ‘Core’ Inflation Trends Are Mixed…But Still Poor
15	Japan’s Tertiary Sector Echoes Weakness in MFG and Mining
15	Kazakhstan's Oil and Metals Exports Bring Revenue for Investment Spending
15	Philadelphia Fed Index Recovered Slightly
15	U.S. CPI Rise of 0.3% As-expected, 0.2% Core Also In Line
15	U.S. Initial Unemployment Insurance Claims Jump
14	Fed's Loan Officer Survey Shows Drastic Tightening of Mortgage Lending, Weakening of Banks' Mortgage Demand
14	European Car Registrations Put in Another Good Month
14	U.S. Pending Home Sales Stabilize
14	U.S. Retail Sales About As Expected
14	U.S. PPI Total & Core Weak
13	Inflation Trends Turn Bleak in the Euro Area…
13	German Sales Trends Improving; But Still a Moderate Quarter
13	Economic Sentiment Among the German Financial Community Takes a Tumble in November
13	U.S. Chain Store Sales Eased
13	Small Business Optimism Held Low, Credit Problems Eased
12	Japanese Consumers Becoming More Pessimistic
12	Commodity Prices: Oil Up, Most Other Inflation Forces Topped
12	OECD Shifts to Slowdown Signal
9	Michigan Consumer Sentiment in Full Retreat
9	U.S. Import Price Inflation Heated Up
9	U.S. September Trade Deficit Smallest Since 2005
8	German Trade Surplus Rises Strongly on Weak Imports
8	Japan's Economy Watcher's Index on a Decline
8	Japan Orders Remain Weak
8	U.S. Initial Claims for Unemployment Insurance Drop
7	Turkey Foreign Trade Volumes Moderate in September
7	German Mfg IP Turns its Trend Higher Unexpectedly
7	Q3 Productivity Stronger, Unit Labor Costs Fell
6	EMU Retail Sales Remain Sluggish
6	EMU PPI on an Accelerating Trend…
6	German Manufacturing New Orders and Sales Declined in September
6	JOLTS: Job Openings Unchanged, Hires Rate Depressed
6	Gasoline Above $3.00 per Gallon, Again
6	U.S. Chain Store Sales Recovered
5	Signs of Cooling in the British Economy
5	U.S. ISM Non-manufacturing Index Improved Slightly
2	PMIs in MFG are All Losing Momentum… but Still Showing Growth
2	U.S. Vehicle Sales Down
2	EU Registrations Up in August but Still with Challenged Trend
2	U.S. Payrolls Rose Double Expectations
1	UK Distributive Trade Sector Shows a Slowdown
1	UK MFG Survey Turns Lower
1	Australian Economy Remains Strong, But Strong A$ May Already Be Generating Some Restraint
1	U.S. Personal Spending Up 0.3%, Income Rose 0.4%
1	ISM Index Near "No Growth" Level
1	U.S. Initial Unemployment Insurance Claims Still Higher

October 2007
31	German Retail Sales Show Unexpected Lift
31	UK Consumer Confidence Stays in a Downdraft
31	Sentiment Slips but Flash Inflation Flares
31	EU Readings Still Strong…but FADING
31	U.S. Employment Cost Index Moderates to 0.8% Quarterly Increase
31	US GDP Growth Boosted Again by Improved Trade Deficit
31	ADP Report: Private Payroll Growth Much Improved
30	IFO Details Begin to Show Cracks…
30	German Wholesale Sales Falter Again
30	September Unemployment Rates in Japan and in Germany Pose Problems for Central Banks
30	Consumer Confidence Tanked as Gasoline Prices Rose & Home Prices Fell
30	U.S. Chain Store Sales Sustain Lower Level, Gasoline Prices Up Again
29	U.K. Housing Market Cooling Off
29	Japan Retail Sales Edge Back in Sept… Is Slowing Trend Still in Place?
29	France’s Service Sector Holds Its Strength
26	Spain Employment Up 3.1% from Year Ago; Spanish Workers and Immigrants Both Gain
26	Michigan Consumer Sentiment Added To Decline in Early October
26	U.S. Help-Wanted Advertising Remained Low
25	Freight Charges Skyrocket; Baltic Indexes Surge to Records
25	Germany: Ex-Energy Inflation Trends are Turning Lower; International Prices First
25	French Biz Climate Indicator Holds Mostly Steady
25	IFO Survey Shows Weakness is Still in Train…but at Moderate Pace
25	U.S. Home Sales Stable at Lower Level, Revisions Down
25	U.S. Durable Goods Orders Down Big for Second Month
25	U.S. Initial Claims for Jobless Insurance Remained High
24	NTC Indexes for the Euro area are Very Weak
24	Existing Home Sales Drop 8% in September; All Regions Feel the Pain
24	Italy’s Biz Index in a Small, Unconvincing Rebound
23	EMU Orders Begin to Show Wear and Tear
23	Italy’s Retail Sales Show a Slowdown in Progress
23	Consumer Confidence Holds Steady in October in the Netherlands and Italy
23	U.S. Chain Store Sales Lost Steam as Gasoline Prices Ticked Up
22	German Real Wages Slide Lower Y/Y and Plunge in Current Quarter
22	Are China's Imports Becoming a Problem?
22	U.S. Loan Delinquencies & Foreclosures Soar
19	UK GDP Maintains 0.8% Growth in Q3; Industry Sectors Rotate Leadership
19	U.S. Empire State Index Improved
18	Philadelphia Fed Index Dipped
18	UK Retail Sales Accelerate
18	EMU Trade Surplus Grows as Imports Steady and Exports Accelerate
18	U.S. Leading Economic Indicators Rose
18	U.S. Initial Claims for Unemployment Insurance Jump
17	TIC Data Show Foreign Investors Made the Same Kinds of Decisions in August that Domestic Investors Did
17	Japan’s MFG and Services Sectors Show Some Strength
17	U.S. Housing Starts Lowest Since 1992
17	U.S. CPI Gain Quickest Since May, Core Rate 0f 0.2% Stable
16	EMU Inflation Trends a Narrow Line
16	UK Core Inflation Trends Turn Sharply Lower
16	Confidence Among German Investors Holds Steady: Slight Improvement in Profit Expectations
16	Weekly U.S. Chain Store Sales Recovered Smartly
16	U.S. Industrial Production Gain Minimal
15	Italy’s Inflation: Overall Under Control With Some Underlying Erosion
15	BOF Survey Moves Lower and Is Barley Higher Yr/Yr
15	Japanese Industrial Production and Domestic Trade up but BoJ Holds Interest Rate Steady
15	U.S. Business Inventories' Increase Down With Slower Sales Growth
15	U.S. Budget Deficit Narrowed Sharply
12	Mr. Gore's Nobel Prize Occasions a Look at Haver's Energy & Environment Data
12	French Inflation Turns Higher But Not Really…
12	Euro Area PPI Behaves in August
12	Michigan Consumer Sentiment Down
12	U.S. Retail Sales Beat Forecasts, But Nonauto Sales Weak
12	U.S. PPI Strong, Core Weak
11	Tighter Monetary Policy in South Africa, Where Inflation, Growth and Credit Expansion All Look Strong
11	UK RICS Survey Shows Price Drop and Expectations Lower for Sales and Future Prices
11	Still No Life in German Retail Sales
11	U.S. Import Price Deflation Ended by Lower Dollar
11	U.S. Initial Jobless Insurance Claims Down
11	U.S. August Trade Deficit Smallest Since January
10	New Bank of England Credit Survey Shows Tightening Availability Amidst Mixed Demand from Borrowers
10	Germany’s DIHK Survey Points to Slowdown
10	IP in Euro Area Still Growing Despite Slowing Signs
10	U.S. Gasoline Prices Move Further Sideways
9	A Dip in Germany's Surplus and a Small Improvement in France's Deficit
9	Japan's Economy Watcher’s Index Drops for Sixth Month in a Row
9	Weekly U.S. Chain Store Sales Roughly Unchanged: Again
9	U.S. Small Business Optimism Reduced by Credit Problems
8	Inflation Trends in Emerging Markets
8	German Orders Still Strong but Definitely Fading…
5	French Household Confidence Takes Sharp Reversal
5	OECD Indicators Show Moderation in Growth Ahead
5	Euro-Area Banks Tighten Lending Policies, According to Latest ECB Survey
5	September U.S. Payrolls and Revisions Up
4	Housing Starts by State: Weak, Yes, But Gains in August Where You Wouldn't Expect
4	U.S. Pending Home Sales Collapse
4	U.S. Initial Jobless Insurance Claims Up, Perhaps Rehiring as Well
3	Australia Retail Sales Show Some Vigor Through August
3	European Retail Sales Remained Mixed
3	Service Sector Weakens in Europe
3	ADP Report: Private Payroll Growth Smallest Since 2003
3	U.S. ISM Nonmanufacturing Index Dipped
3	U.S. Vehicle Sales Flat; Truck Sales Down, Cars Up
2	Euro Area PPI Behaves in August
2	Profitability of all Nonfin UK Corp Record High in the Second Quarter
2	Weekly U.S. Chain Store Sales Remained Low
1	Broad Slowdown in Euro-area MFG
1	UK MFG Drops Off but Remains in a Growth Profile
1	A Mixed Picture From the Bank of Japan's TANKAN
1	ISM Index Slightly Weaker

September 2007
28	The German IFO Index Shows a Broad Weakening
28	EU Growth and Inflation Conditions
28	Chicago Purchasing Managers Survey Ticked Up
28	Money Markets: Has the Crisis Passed?
28	U.S. Construction Spending Recovered A Bit
28	U.S. Personal Income Rise of 0.3% Missed Expectations
27	Euro Rises as Money Growth Accelerates… Dollar Drops and Money Growth Slows
27	Employment Up, Unemployment Down in Germany; But Does the Better Jobs Situation Spur Spending
27	US Homes Sales Still Weakening...but at a Progressively Slower Pace
27	Despite Q2 Spurt Trend the U.S. is Slowing
26	Business Confidence Weakens in France & Italy
26	Durable Goods Orders Drop by 4.9% in August after 6.1% Spurt in July
25	Confidence Drops Off Sharply
25	German Business Confidence Continues to Erode
25	Existing Home Sales Weakness Accelerates in the West
24	No Surprise: Manufacturing New Orders for the Total Euro Area Decline
24	Belgium National Bank Index Softens
24	Euro area Orders Show a Loss in Momentum in July
24	U.S. Inflation Fears: The Data Behind Them
21	Japan is Losing Momentum Across Sectors
21	Canada's Retail Trade Falls 0.8% in July, But Could Be Simple Offset to Earlier Strength
21	NTC Measures Plunge in September – Back to Central Banking School?
21	Philadelphia Fed Index Improved
20	Personal Income Growth Slows in Most States in Q2
20	French Orders Continue to Rise Year-Over-Year
20	In the UK, CBI Orders are Fading Over All Major Horizons
20	U.S. Leading Economic Indicators Fell Sharply
20	U.S. Initial Claims For Jobless Insurance Fell
19	U.S. CPI Total -0.1%, Core Up 0.1503%
19	Italy’s Orders Show Volatility as Domestic Orders Slow
19	German PPI ex Energy Pressures are Back
19	U.S. Housing Starts Fall Yet Again
18	FOMC: Funds & Discount Rates Cut; Spread of Housing Weakness Feared
18	Weekly U.S. Chain Store Sales Fell Sharply
18	U.S. NAHB Housing Market Index Down, Prospects Gloomy
18	Pessimism Grows in the German Financial Community: Zew Measure Falls to -18.1
18	U.S. PPI Fell Sharply; Core Prices Tame, Food Down, Oil Cratered
17	Baltic Current Account Deficits in the Stratosphere
17	U.S. Empire State Index Down Sharply This Month
17	Euro Area Exports and Imports Revive as Surplus Erodes
17	U.S. Import Price Inflation Tame
14	U.S. Current Account Deficit Eases in Q2
14	Michigan Consumer Sentiment Up Slightly in September
14	U.S. Industrial Production Up An Expected 0.2%, But ...
14	Italy’s IP Remains Weak, Extends Trend
14	German Core Inflation Breaks Lower - is it for real?
14	EMU Headline Inflation Moves Lower as Core Moves Higher: Fiddle Dee Dee?
14	U.S. Retail Sales in Line With Forecasts in August but Trend Down
13	UK Survey Shows Net Reduction in House Prices; Construction Orders Already Down
13	Will Gasoline Prices Continue To Fall?
13	France HICP Slowing but Unruly and over the ECB Ceiling Pace of 2%
13	U.S. Initial Unemployment Insurance Claims Remained Low
12	India's Industrial Sector Downshifts in July After Spring Acceleration
12	Euro Area Output Rebounds in July
12	Japan’s Export and Import Growth Slow Then Rebound and Steady
12	JOLTS: Job Openings Unchanged, Hires Rate Improved (Slightly)
11	French Exports and Import Rebound…Imports Outpace
11	UK Exports and Imports Accelerate Again – Deficit Slips
11	Japan’s Core Machinery Orders Rebound
11	China Wraps up a near Record Total Trade Surplus and Record Surpluses with the U.S. and Europe
11	Small Business Optimism Down
11	Weekly Chain Store Sales Rose
11	U.S. Trade Deficit Continued to Narrow
10	Italy’s GDP Snakes Below 2% Year-over-year
10	French IP Bucks Trends with Large Gain
10	Japan's Revised Q2 GDP Declines 1.2% (SAAR): Economy Watchers Wary
10	Since When has Employment been a Leading Indicator?
7	OECD LEIs Show Upswing Has Topped Out…in July
7	Industrial Production Growth Slips in Germany
7	Payrolls Fall 4,000 in August; Revisions Take Away 81,000 More
6	UK IP on Extended Fading Growth Trend
6	U.S. Q2 Productivity Revised Up, But So Was Compensation
6	U.S. ISM Nonmanufacturing Index Unchanged
6	U.S. Initial Claims For Jobless Insurance Fell Sharply
6	German New Orders: The Thrill is Gone
5	How Much Have Home Values Changed? -- Well, It Depends . . . .
5	Services Indexes for Euro area and the UK
5	EU Retail Trends: At Odds
5	ADP Report: Private Payroll Growth Smallest Since 2003
5	U.S. Vehicle Sales Better Bleak Newspaper Headlines
4	Euro area PPI ex Energy is Excessive but Slowly Behaving
4	U.S. Construction Spending Declined Again
4	Slovakia Continues its Fast Pace of Growth: Difference Between Eurostat and Country Sourced Data
4	ISM Index Down Slightly; As Expected

August 2007
31	U.S. Personal Income Gains 0.5% in July; Spending Recovers from June Weakness
31	IFO Detail Slows Some Slippage Amid Strength
31	EU Index Near a High but Losing Momentum
30	US GDP Growth Revised Up, Profit Growth Slowed
30	Consumer Confidence is Retreating in Italy
30	Japan Retail Sales Drop Sharply
29	Confidence Measures in Sweden Hover Near All-Time Highs
29	World Liquidity
28	French Housing Starts Jump
28	German Business Types less Pessimistic about the Outlook than Financial Types
28	Consumer Confidence Fell
28	U.S. Weekly Chain Store Sales Up, Gasoline Prices Down
27	Spain’s PPI: Eases Monthly Pace in July but Still Too Strong
27	China's Trade Balance Dips in July but Is Still Third Highest on Record
27	U.S. Existing Home Sales Slipped Less Than Expected Last Month
24	Yr/Yr UK GDP Growth Holds Steady
24	German Export and Import Prices Misbehave
24	Borrowing at the Fed: Some Arithmetic
24	U.S. Durable Goods Orders Better Due To Transportation
24	New Home Sales and Prices Up
23	Borrowings at the Federal Reserve Largest in 6 Years; Big Drops in Commercial Paper Outstanding
23	U.S. Loan Delinquencies Up Slightly, But Still Low
23	German GDP Rebound Still Not Supported by the Consumer
23	Belgian National Bank Index Declines in August
23	U.S. Initial Unemployment Insurance Claims Fell Slightly
22	Japanese Trade Picture Murky: Rising World Commodity Prices Push Imports Higher
22	Euro Orders are Quite Firm Within the Zone but Extremely Strong for "Exports"
21	Euro Area Export and Import Growth Both Tic Up in June
21	Market Turmoil Shakes Confidence of German Investors and Analysts
21	U.S. Weekly Chain Store Sales Ticked Up, As Did Gasoline Prices
20	French Industrial Orders Pop in June
20	Contrasting Balance of Payments for Greece and Taiwan
20	U.S. Leading Economic Indicators Rose
20	Chicago Fed National Activity Index Negative, Again
17	German PPI Steadies at Above 2% Pace
17	Where Does the Oil Come From?
17	Michigan Consumer Sentiment Fell Sharply, Fed's Discount Rate Cut
16	TIC Data Show Sizable Foreign Interest in US Securities Even Through June; Hong Kong, Russia & Brazilian Investors Major Buyers
16	HICP is Losing Momentum
16	UK Real Retail Sales Pop in July
16	Philadelphia Fed Index Unexpectedly Steady
16	U.S. Initial Claims for Jobless Insurance Rose Again
16	U.S. NAHB Housing Market Index Lowest Since 1991
16	U.S. Housing Starts At Ten Year Low
15	Daily Fed Open Market Operations: The Pattern of Fed Liquidity Provision
15	U.S. Industrial Production Up Expected 0.3%
15	U.S. Empire State Index Slipped This Month
15	U.S. Mortgage Application Surge Questionable
15	German Retail Sales Rebound in June
15	CPI Total 0.1%, Core Rose 0.2%
14	European GDP Growth Slows More Than Expected
14	French Long-term HICP Trend Moves Lower
14	UK Inflation Turns Sharply Lower
14	U.S. PPI Above Forecasts; Weak Core Prices As Expected
14	U.S. Trade Deficit Narrowed
14	U.S. Small Business Optimism in July Recovered
14	Weekly Chain Store Sales Fell Despite Lower Gas Prices
13	Japan: Will the BOJ Raise Rates in the Face of a Bigger than Expected Drop in Real GDP and Only Little Progress on Deflation?
13	U.S. Inventory Accumulation Continued
13	U.K. PPI Trends are Pretty Flat
13	U.S. Budget Deepened in July
13	U.S. July Retail Sales Improved, June Revised Up
10	Fed Funds Futures Price in Easing, Dealer Trading Volume Favors Treasuries: More on Haver's Short-Term Financial Data
10	Japan IP Rebounds in June but still has Uncertain Momentum
10	Industrial Production Slips and Slows in France
10	OECD Leading Indicators Point the Way Higher
10	U.S. Import Prices Boosted in July By Oil
9	2006 Housing Stock Has Smallest Gain in 11 Years, But Housing Stock per Household Continues To Grow
9	After a SURGE, UK Export and Import Growth Plummeted and Has Begun to Recover
9	U.S. Claims for Jobless Insurance Exceed Expectations
8	CPI Inflation Restrained in Czech Republic, Moderate in Lithuania and Very Fast in Latvia
8	French Imports Out Jump Exports
8	Japan Core Machinery Orders Remain Lethargic
8	German Surplus in Trade Remained in June
8	JOLTS: Job Openings Up, Hires Rate Down
8	Japan Economy Watchers Index in Steady Decline
8	U.S. Mortgage Applications Surge
7	German IP Weakens as Orders Surge
7	Business Confidence in the Euro Area Falls in July but Is Still Healthy
7	Chain Store Sales Rebound, Strong
7	U.S. Productivity Missed 2Q Estimate, Cost Increase Fastest Since 2000
6	June manufacturing New Orders in Germany Rise Sharply While Sales Show a Small Decline
6	Inflation Concerns are Forward Looking. Recent Trends Favorable
6	UK IP Restores Momentum
6	Italy’s IP Growth Sinks
3	Euro Area Services Sector Points to Slow Down but Slower Slow Down
3	Euro Area Retail Sales Stay in Slowdown Mode
3	Gasoline Prices Ease Further; Refining Margins Reduced
3	ISM Nonmanufacturing July Index Below Forecasts
3	July Payrolls a Bit Light, Revisions Minor
2	Swedish GDP Grows 1.0% in Q2, Led by Fixed Investment and Exports of Services
2	PPI Trends Flatten Out and Decline Across EMU
2	U.S. Factory Inventory Growth Recovered
2	U.S. Claims for Unemployment Insurance Rose Slightly
2	U.S. Vehicle Sales Suffer Housing Market Woes
1	Greater Risk Evident in (1) More Stock Options Volatility, (2) Wider Yield Spreads and (3) Sluggish House Prices
1	Mortgage Applications Down Again
1	Challenger Layoffs Retreated
1	ADP Report: Growth in Private Payrolls Eased
1	ISM Index Down Sharply

July 2007
31	Consumer Confidence Rebounded
31	French Household Confidence Reverses its Upswing
31	IFO Detail Fills in the Missing Pieces for Germany’s Trends…Strong but Slowing
31	EU Indexes Remain High-valued, but Main Index also Edges Lower, Pace Slows
31	U.S. Employment Cost Index Up an Expected 0.9%
31	U.S. Personal Income About On Forecast, Core Prices Again Up 0.1%
30	U.S. Help-Wanted Advertising Reverses Improvement
27	Japan: CPI and Retail Sales Weaken--Discouragingly
27	Michigan Consumer Sentiment Up During July
27	US 2Q07 GDP Above Expectations
26